Saifeddine Ammas, economist, author bitcoin patterncontinues his criticism of Argentine President Javier Millay’s monetary expansion, which in his opinion is intended to “manipulate” the exchange rate.
“Millay confirmed that he will continue printing pesos and manipulating the exchange rate to maintain the profitability of the peso.” carry trade 2 years left. Tens of billions of dollars will be added to Argentina’s debt, and this money will be given to a small number of people who participate in the plan. carry trade” Anmuth said via the X Account publication.
he carry trade (also known as a “financial bicycle” in Argentina), CriptoNoticias explains, consists of taking advantage of the high interest rates of the peso to earn profits and then converting those profits into dollars as long as the exchange rate remains stable.
When that incentive is removed by lower interest rates or higher exchange rates, capital tends to withdraw quickly. causing market volatility and pressure on the dollar. Therefore, this mechanism has the potential to amplify financial movements in the Argentine economy.
What is most surprising to Amos is “the number of people who respond by claiming that Millais is not printing money or increasing debt, when the government’s own statistics show that every measure of the money supply has tripled or quadrupled in less than four years.”
The Lebanese economist also said that “debt has increased even though the official peso rate has plummeted by about 75% in less than two years, so the dollar value of peso debt has fallen significantly.” He also emphasized that:
Their reserves are borrowed and constantly depleted, forcing Argentines into further debt. For this reason, the peso has not stopped falling since Millay took office, as the money supply continues to increase for the benefit of the bankers who installed this clown.
Saifeddine Ammas, economist, author bitcoin pattern.
Saifeddine Amos’ statement is supported by central bank data showing that the currency mass increased from about P9 trillion in December 2023 to more than P40 trillion in October 2025, an increase of more than 300%.
Inflation has fallen from 211% to 50% year-on-year, but inflation remains above 70%, Amos said. It reflects a monetary policy inspired by the US model.
The expert also responded to comments claiming that Argentina received more than $100 billion in investments after its October 26 parliamentary election victory.
“If you think that in a country with such poor financial capital infrastructure, all of our citizens will invest more than $100 billion, which they announced right before the election, to help crypto fraudsters win, then you are naive to think that you should be watching TV and rooting for politicians like you would a sports team,” he said.
Finally, the economist said, “Even if they do invest, which they won’t actually do because the money will be spent on capital goods, it won’t be saved in central bank reserves. As long as the money supply continues to increase, there’s nothing to stop the peso from collapsing.”
(Tag Translation) Argentina
